Research note: Global innovation and knowledge scenario: the stars, followers and laggards

Innovation has again become a buzzword in recent past. Faced with a hypercompetitive global scenario, one after another country and company is realising the importance of innovations and new knowledge creation (Pillania, 2006a). This research work studies 140 countries on knowledge and innovation and identifies three groups namely Knowledge Stars, Followers and Laggards based on their performance. Interestingly, the emerging markets fall in all of the three categories. The research work stresses on the need for improving the performance of Laggards on knowledge and innovation front for social development and competitiveness.